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Nov 10, 2012
11/12
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CNN
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my goodness, look at your state of california. the ding bats in california just raised the highest income tax rate to 13%. every business and high income person is going to move to texas which by the way is the fastest growing state in the country which has no income tax. so i think tax rates do matter. i think the evidence is strong on this. and i don't want to see the united states go down the route of california. because california is the state that is looking like greece right now. >> hold on, everybody wants to respond to that. but we at cnn want to be fiscally responsible and pay the bills. so that's what we're going to do for the next two minutes. we'll come back and hear from mohammed about that and from david walker. stay with us. you're watching a very animated edition of "your money." if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education.
my goodness, look at your state of california. the ding bats in california just raised the highest income tax rate to 13%. every business and high income person is going to move to texas which by the way is the fastest growing state in the country which has no income tax. so i think tax rates do matter. i think the evidence is strong on this. and i don't want to see the united states go down the route of california. because california is the state that is looking like greece right now. >>...
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Nov 24, 2012
11/12
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CNNW
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they could be employing thousands of engineers in california, making those products. it wouldn't raise the cost of an iphone more than a couple of bucks. but the returns for our economy would be fabulous. >> here's the deal, scott. if those benefits are all exist as you lay them out, the innovation and manufacturing need to be geographically linked in order to fully be open timized, won't the companies realize that benefit? why do we need government to provide special benefits to realize that goal? if it's there, it will be self evident and the company will choose that path. >> well, am, that's a good quechlt here's the reason. manufacturing is in the tradable sector. we have global competition. hospitals don't. retailers don't. other sectors of the economy don't necessary sli that. manufacturers do. and every other country out there has incentives to attract manufacturing. whether it's the low road like china or the high road like germany f we're not in that game, we're going to be sitting on the sidelines and lose jobs. we've seen. that our manufacturing goods, trad
they could be employing thousands of engineers in california, making those products. it wouldn't raise the cost of an iphone more than a couple of bucks. but the returns for our economy would be fabulous. >> here's the deal, scott. if those benefits are all exist as you lay them out, the innovation and manufacturing need to be geographically linked in order to fully be open timized, won't the companies realize that benefit? why do we need government to provide special benefits to realize...
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Nov 25, 2012
11/12
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CNNW
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eye 156
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do it, and yes, it would be highly automated, but they could be employing thousands of engineers in california making those products. it wouldn't raise the cost of an iphone more than a couple of bucks, but the returns for our economy would be fabulous. it would be great. >> here's the deal, scott. here's why i disagree with you, and that's if this those benefits all exist as you laid them out, the innovation to manufacturing need to be geographically linked in order to be fully op pi timized, won'e country itself figure that out? why do they need the government to step in and realize those goals? if it's there, it will be self-evident and the company will choose that path. >> manufacturing is in a tradeable sector. we have global competition. other sectors of the economy don't necessarily have that. manufacturers do, and every other country out there has incentives to attract manufacturing, whether it's the low road like china or the high road like germany. if we're not in that game, we're going to be sitting on the sidelines. we're going to lose jobs and we've seen that. our manufacturing go
do it, and yes, it would be highly automated, but they could be employing thousands of engineers in california making those products. it wouldn't raise the cost of an iphone more than a couple of bucks, but the returns for our economy would be fabulous. it would be great. >> here's the deal, scott. here's why i disagree with you, and that's if this those benefits all exist as you laid them out, the innovation to manufacturing need to be geographically linked in order to be fully op pi...
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Nov 11, 2012
11/12
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CNN
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eye 164
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my goodness, look at your state of california. the dingbats in california just raised the highest income tax to 13%. every businessperson is going to move to texas, which by wait is the fastest growing state in the country, which has no income tax. i do think the evidence is strong in this, and i don't want to see the united states go down the route of california because california is the state looking bad right now. >> we want to be fiscally responsible and pay the bills. we're going to come back and hear from mohammad about that and david walker. stay with us. you're watching a very animated version of "your money." >>> okay, i got the panel back. i want to get right into it. steven moore points out that california is a bad example because state tax rates are so high in order to pay for some of the investments they've made. your response? >> so i would say, just do the math. do the math. everybody agrees that in order for us to improve our prospects, we need the following. we need tax reform, renewe need entitlement reform. in o
my goodness, look at your state of california. the dingbats in california just raised the highest income tax to 13%. every businessperson is going to move to texas, which by wait is the fastest growing state in the country, which has no income tax. i do think the evidence is strong in this, and i don't want to see the united states go down the route of california because california is the state looking bad right now. >> we want to be fiscally responsible and pay the bills. we're going to...